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• Investor Buys Carlsbad FedEx Facility
11/17/17
Berdan Holdings LLC acquired a 109.8k sf, single-tenant industrial asset in Carlsbad for $24.5 mil ($223/sf). The property, located at 2495 Faraday Ave, is occupied by FedEx as a shipping facility.
Built in 1999, the asset c...
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• Del Mar Heights Blvd Boasts the Highest Retail Rents in the San Diego Area
11/16/17
San Diego’s Del Mar Heights Boulevard is listed as having the 14th most expensive retail rents in the Americas, according to Cushman & Wakefield’s 29th annual Main Street Across the World report, just released. In last year’s...
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• San Diego Area Res Complex Trades for $34 Mil
11/15/17
Interstate Equities Corporation purchased Verse La Mesa, a 133-unit multifamily property in La Mesa, for $33.95 mil, or about $255k/unit. The acquisition was financed with a $21.9 mil Freddie Mac loan.
Verse La Mesa is locat...
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• San Diego CarQuest Auto Parts Sells for $6.75 Mil
11/15/17
CarQuest Auto Parts, a 34.3k sf auto parts store in San Diego, sold for $6.75 mil, or $197/sf. The property, located at 1452 K Street, was purchased by an unnamed San Diego investor after the listing generated multiple offer...
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• San Ysidro Health Pays over $8 Mil for San Diego Area Industrial Property
11/14/17
San Ysidro Health, a non-profit health care services organization, has acquired a 61.1k sf industrial property in San Diego’s San Ysidro neighborhood for $8.15 mil ($133/sf). The 4.66-acre property is located at 1601 Precisio...
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• Kilroy Realty Acquires City Block in Downtown San Diego’s Little Italy
11/03/17
Kilroy Realty has acquired a 52.5k sf, full city block in Downtown San Diego’s Little Italy neighborhood for $19.4 mil. The property consists of three parcels located at 2100-2174 Kettner Blvd and 946 W Hawthorn St.
Kilroy R...
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• Commercial Real Estate Financing Briefs
11/02/17
BERKELEY POINT CAPITAL - Berkeley Point Capital recently provided a Prime Residential affiliate with $105 mil in acquisition financing for the purchase of Avion at Spectrum, a 448-unit luxury apartment complex located in San ...
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• Mission Valley Office Complex Financed with $47 Mil Insurance Co Loan
11/01/17
City Office REIT has landed $47 mil in financing for Mission City Corporate Center, a four-building office portfolio totaling approximately 290k sf in Mission Valley. Zack Holderman and Tim Wright with HFF arranged the 10-yea...
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• Rancho Bernardo Office Building Sells for $21.5 Mil
10/27/17
A 68.5k sf creative office building in San Diego’s Rancho Bernardo submarket traded hands in a $21.5 mil deal. The fully occupied, two-story property is situated on nearly four acres of land at 15255 Innovation Dr, near the C...
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• Warehouse Property in San Diego’s Rancho Bernardo Area Goes for $334/sf
10/27/17
Realterm Logistics, a Realterm Global Company, acquired Bernardo Mesa Technology Center, a 180.9k sf warehouse property in Rancho Bernardo, for $60.5 mil, or $334/sf. It was sold by a joint venture between Walton Street Capit...
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• San Diego Sees Rejuvenated Industrial Market in the Third Quarter
10/27/17
Following a sluggish second quarter, characterized by local experts as an ‘early summer’, San Diego’s industrial market was rejuvenated in the third quarter with nearly 650k sf of occupancy growth, according to Cushman & Wake...
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• Draftsmen & Craftsmen
10/25/17
San Diego Community College District’s Mesa College has broken ground on the $12.8 mil construction of a new fine arts building. Located at 7250 Mesa College Drive, construction is expected to be completed in summer 2018.
Th...
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• New San Diego Hotel Lands $85 Mil in Financing
10/24/17
The San Diego Pendry Hotel, a new luxury hotel brand operated under the Montage Hotels & Resorts, was refinanced with an $85 mil bridge loan used to take out the existing construction facility. The new hotel, which just opene...
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• Investor Nabs 28k sf Industrial Investment in Vista
10/19/17
A 27.9k sf, multi-tenant industrial building in North San Diego County has sold to an investor for $3.925 mil ($141/sf). The freestanding property, situated on 2.4 acres at 1120 Sycamore Ave in Vista, was acquired by VCJT LLC...
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• Lighthouse Strategies Leases 40k sf San Diego Property
10/16/17
Lighthouse Strategies LLC signed an 87-month lease for a 40.8k sf, building in San Diego. The new tenant, a strategic business development and portfolio management company, will move into its new space December 1, 2017. The s...
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• Two Pack Hotel LP Buys Two Hotels
10/13/17
Two Pack Hotel LP, an affiliate of Excel Hotel Group, recently purchased two hotels, totaling 207 rooms, in the San Diego area. The acquisitions consist of the 132-room Comfort Suites San Diego-Miramar and the 75-room Holiday...
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• Trio of SoCal 7-Eleven Sales Total Over $9 Mil
10/12/17
Three SoCal 7-Eleven properties have sold in separate transactions for a combined price tag of $9.13 mil. The properties are located in Los Angeles, San Diego and Bakersfield.
Hanley Investment Group Real Estate Advisors’ Je...
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• Rancho Bernardo Industrial Comp Goes for $199/sf
10/11/17
In a recent industrial sales comp from San Diego County, Grifols Diagnostic Solutions Inc paid $14.63 mil for a 73.5k sf ($199/sf) industrial warehouse property on just over 4.8 acres. The property is located at 10895 Thornmi...
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• San Diego Area Office Building Goes for $9.16 Mil
10/09/17
The Courtyard I, a 50.4k sf office building located in San Diego’s Sorrento Mesa submarket has sold for $9.16 mil, or $182/sf. The multi-tenant property was purchased by Encinitas-based Plaza Del Norte Inc.
Located at 6480 ...
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• Retail Center in San Diego’s Torrey Highlands Sells for $743/sf
10/06/17
Santa Monica Property Investors paid $10.4 mil for Torrey Highlands Plaza, a 14k sf ($743/sf) retail center in San Diego’s Torrey Highlands area. The property is located at 13350 Camino Del Sur, north of Hwy 56 between I-5 an...
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